Insperity (NYSE:NSP) Hits New 12-Month Low - Time to Sell?

Insperity, Inc. (NYSE:NSP - Get Free Report)'s stock price hit a new 52-week low on Friday . The company traded as low as $74.38 and last traded at $74.40, with a volume of 41621 shares trading hands. The stock had previously closed at $78.77.

Analyst Ratings Changes

NSP has been the subject of a number of analyst reports. William Blair cut shares of Insperity from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. initiated coverage on shares of Insperity in a report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price target for the company. Finally, Truist Financial dropped their price objective on Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $95.67.

Insperity Trading Down 4.6 %

The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 2.24 and a beta of 1.11. The business's fifty day moving average is $87.76 and its 200 day moving average is $94.33. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.60.

Insperity (NYSE:NSP - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.14. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. Insperity had a return on equity of 138.16% and a net margin of 2.46%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. Equities analysts predict that Insperity, Inc. will post 2.42 earnings per share for the current year.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 annualized dividend and a dividend yield of 3.19%. Insperity's dividend payout ratio is currently 56.60%.

Insider Activity

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the firm's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $92.23, for a total value of $1,487,024.29. Following the completion of the transaction, the chief executive officer now owns 509,129 shares in the company, valued at $46,956,967.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NSP. Mawer Investment Management Ltd. boosted its stake in shares of Insperity by 4.0% during the 2nd quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider's stock worth $473,247,000 after acquiring an additional 197,309 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Insperity by 4.9% during the first quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider's stock worth $428,696,000 after acquiring an additional 182,773 shares during the period. Earnest Partners LLC grew its position in shares of Insperity by 2.5% in the second quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider's stock valued at $120,733,000 after purchasing an additional 32,542 shares during the last quarter. Reinhart Partners LLC. grew its position in shares of Insperity by 6.7% in the third quarter. Reinhart Partners LLC. now owns 1,082,034 shares of the business services provider's stock valued at $95,219,000 after purchasing an additional 68,160 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Insperity by 5.3% during the 2nd quarter. Sei Investments Co. now owns 734,271 shares of the business services provider's stock worth $66,973,000 after purchasing an additional 37,091 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.